Bear Stearns lives up to its name (the first part, anway)

Things move fast on Wall Street. At close of trading on Friday in New York, investment bank Bear Stearns was valued at $3.54 billion, based on its $30-a-share price. In early editions of this morning's FT, presumably published at around midnight, it was valued at $3.2 billion. When the deal with JP Morgan was actually announced an hour or two later, they ended up paying just $230 million.

An announcement on Bear Stearns website says:

In light of entering into an agreement to merge with JPMorgan Chase, The Bear Stearns Companies Inc. (NYSE: BSC) will not be announcing its first quarter 2008 financial results on Monday, March 17, 2008, as previously scheduled.

I wonder what they were planning to say?